Re: [CANSLIM] Andersen - what happens to new recruits

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Andersen - what happens to new recruits
Date: Sat, 29 Jun 2002 21:04:00 -0700 (PDT)

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Dave

If you ever have worked for any of the big
consulting/auditing firms you would know practices
like that is not only common to Andersen.

Can we maybe stop the Andersen bashing and start
getting back to CANSLIM on the group?

- - Fanus

- --- Dave Cameron <dfcameron@yahoo.com> wrote:
> This message relays second-hand information, which
> is also about 15
> years old.   I haven't bothered to pass it along
> because of these two
> facts.   But... given the latest posts on Andersen
> employees, and
> what might happen when they move on to other
> companies, I thought I'd
> toss it out there.
> 
> In 1987, I started my professional career in
> Chicago.   I was 24
> years old, new to Chicago.   I wanted to learn my
> way around, make
> some new friends, etc.... much like young people new
> to an area will.
>   My company was located close to Arthur Andersen's
> training center
> (which is really about 40 miles west of Chicago -
> but in the Chicago
> metro area).   I had the chance to meet several
> Andersen recruits.  
> These were young men and women who were (usually)
> fresh out of
> school, eager to make their mark, and new to the
> ways of business.  
> Their story (told independently by several people
> over the next
> several months) told of a boot camp like
> environment, with 70+ hour
> weeks, continual indoctrination in "the Andersen
> way" and even
> lodging together during stretches.   
> 
> The company I worked for had no such thing.   Only
> years later did I
> realize that Andersen's approach was to get these
> people out of
> college before they knew what other companies did,
> work them very
> hard, and get them well indoctrinated.   Many left
> once they got some
> experience, but many stayed on - only knowing what
> Andersen taught as
> THE way business should be run.    
> 
> In retrospect, I suspect that some of the shady
> dealings by senior
> members of Andersen were just drummed in to young
> impressionable
> people as "that's the way things are done in
> business".
> 
> Again, take this for what its worth.   I didn't go
> through it.  I
> have a friend who I still keep in touch with who
> worked for Arthur
> Andersen Co. in Chicago.   This was also 15 years
> ago.   But... maybe
> it sheds some light on how things got they way they
> are.
> 
> 
> 
> =====
> Dave Cameron
> dfcameron@yahoo.com
> 
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